Short Interest in IMI plc (OTCMKTS:IMIAF) Drops By 95.6%

IMI plc (OTCMKTS:IMIAF) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,100 shares, a decrease of 95.6% from the November 15th total of 47,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 21.0 days.

IMI Stock Up 2.6 %

Shares of OTCMKTS IMIAF traded up $0.60 during mid-day trading on Friday, reaching $23.57. The company had a trading volume of 453 shares, compared to its average volume of 1,189. The business’s 50-day simple moving average is $23.03 and its 200 day simple moving average is $23.48. IMI has a one year low of $20.15 and a one year high of $25.00.

About IMI

IMI plc, an engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa. The company offers engineering protects for extreme temperatures and pressure environments; supplying flow control solutions in critical applications, including liquified natural gas (LNG) production, upstream oil and gas facilities, petrochemical processes, biopharma processing, combined cycle and nuclear power, marine, and other process industries; and installs severe service valves for supporting critical industrial plants and processes.